2005 Saturn ION Car Insurance Cost

Looking for cheaper insurance rates for your Saturn ION? No one looks forward to buying insurance, in particular when the cost is too high. Multiple insurance companies compete to insure your vehicles, and because of this it can be hard to compare insurers to find the absolute best price available.

It’s a great practice to check insurance prices on a regular basis due to the fact that insurance rates trend upward over time. Even if you got the lowest rates on ION insurance a year ago there may be better deals available now. Don’t believe everything you read about insurance online, so I’m going to show you some proven techniques to reduce your insurance bill.

Saturn ION insurance rates consist of many parts

It’s important that you understand some of the elements that help determine insurance rates. Knowing what influences your rates allows you to make educated decisions that may reward you with lower insurance prices.

The following are some of the factors companies use to determine rates.

  • Men pay higher rates – Statistics demonstrate women are more cautious behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. Men and women have accidents at a similar rate, but men cause more damage. Men also have more aggressive citations like DUI and reckless driving. Male drivers age 16 to 19 are most likely to cause an accident and therefore are the most expensive to insure.
  • Extra coverages can waste money – There are quite a few extra coverages that you can get tricked into buying if you aren’t careful. Things like vanishing deductibles, accidental death and term life insurance may be wasting your money. They may seem good at first, but if they’re wasting money remove them from your policy.
  • Your spouse saves you money – Having a spouse can actually save you money on your policy. Marriage is viewed as being more mature than a single person and it’s statistically proven that being married results in fewer claims.
  • Liability coverage protects you – Liability coverage provides coverage in the event that you are found liable for causing damage or personal injury in an accident. It will provide legal defense which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so buy as much as you can afford.
  • Rural vs Urban Areas – Choosing to live in small towns and rural areas can be a good thing when talking about insurance. Drivers in populated areas have much more traffic and longer commute times. Fewer drivers means fewer accidents as well as less vandalism and auto theft.

Discounts can save BIG

Insuring your fleet can be pricey, but you may find discounts that many people don’t even know exist. A few discounts will automatically apply when you purchase, but a few need to be asked for before you will receive the discount. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. The discount lasts until age 25.
  • Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class in high school.
  • Homeowners Discount – Being a homeowner may trigger a auto insurance policy discount because maintaining a house shows financial diligence.
  • Student in College – Any of your kids who live away from home without a vehicle on campus may be able to be covered for less.
  • Organization Discounts – Being a member of a civic or occupational organization may earn a discount on auto insurance on ION insurance.
  • One Accident Forgiven – Some insurance companies will allow you to have one accident without raising rates so long as you haven’t had any claims prior to the accident.
  • Seat Belt Usage – Drivers who require all occupants to use their safety belts could save 15% off the personal injury premium cost.
  • Accident Free – Drivers who don’t have accidents can save substantially compared to drivers who are more careless.
  • Driver Safety – Taking a defensive driving course could possibly earn you a 5% discount depending on where you live.

Keep in mind that most discounts do not apply to the entire cost. Most cut individual premiums such as physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, it just doesn’t work that way. Any amount of discount will bring down your premiums.

A partial list of companies that possibly offer some of the above discounts include:

It’s a good idea to ask each insurance company how you can save money. Savings might not apply in your area.

Do insurance coverage companies bend the truth?

Consumers can’t get away from ads for car insurance savings from companies such as Progressive, Allstate and Geico. They all seem to have a common claim about savings if you move your policy.

How does each company make almost identical claims?

All companies have a certain “appetite” for the type of driver that makes them money. For instance, a preferred risk might be profiled as a mature driver, has no prior claims, and drives less than 10,000 miles a year. A customer who matches those parameters receives the best rates and most likely will save when they switch companies.

Consumers who do not match these standards will have to pay a more expensive rate which usually ends up with business not being written. Company advertisements say “customers who switch” not “everybody who quotes” save money. That is how insurance companies can make those claims.

Because of the profiling, it is so important to get a wide range of price quotes. Because you never know which company will have the lowest Saturn ION insurance rates.

Will just any policy work for me?

When buying coverage, there really is not a “best” method to buy coverage. Every situation is different so your insurance should reflect that For instance, these questions could help you determine if your situation would benefit from an agent’s advice.

  • Why am I required to get a high-risk car insurance policy?
  • When would I need rental car insurance?
  • Do I need PIP coverage since I have good health insurance?
  • Why do I only qualify for high-risk insurance?
  • Is my Saturn ION covered if I use it for business?
  • When do I need to add a new car to my policy?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

Car insurance coverages and their meanings

Learning about specific coverages of car insurance can help you determine the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are the usual coverages offered by car insurance companies.

Uninsured or underinsured coverage – Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time these limits are identical to your policy’s liability coverage.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for bills like rehabilitation expenses, dental work and prosthetic devices. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Comprehensive protection – Comprehensive insurance pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, vandalism, falling objects, rock chips in glass and fire damage. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage – Collision coverage pays for damage to your ION resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like hitting a mailbox, backing into a parked car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

Liability coverages – This coverage protects you from damages or injuries you inflict on other’s property or people that is your fault. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as medical services, structural damage and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.

Shop around and save

As you go through the steps to switch your coverage, it’s not a good idea to sacrifice coverage to reduce premiums. There are too many instances where an insured cut comprehensive coverage or liability limits only to discover later they didn’t have enough coverage. The proper strategy is to buy enough coverage at a price you can afford while still protecting your assets.

In this article, we presented a lot of tips how to get a better price on 2005 Saturn ION insurance. The key thing to remember is the more price quotes you have, the higher your chance of finding lower rates. Consumers could even find that the lowest rates come from a company that doesn’t do a lot of advertising. They can often provide lower rates in certain areas than the large multi-state companies such as Progressive or Geico.

More detailed auto insurance information is available in these articles: